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ParaSpace NFT Co-Founder Resigns Amid Feud with CEO and Community Frustration over Gas Fees

Jay Yao, co-founder of ParaSpace NFT, has resigned following a dispute with CEO Yubo Ruan. The controversy has caused frustration among the community over the cost of gas fees.

The co-founders had a heated exchange of tweets on May 10, but seem to have reached a resolution with Yao resigning and Ruan gaining control of their Twitter handle and multi-sig wallet.

Yao and other team members will issue a public apology for the controversy, and Ruan will recognize them as co-founders. However, Ruan has yet to apologize for the incident.

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